RA SILK ROAD (00274) plans to issue 89.119 million shares for loan capitalization.

RA SILK ROAD (00274) announced on February 7, 2025, that it plans to issue and distribute 89.119 million shares to Mr. Yuan Weiran, the subscriber, at a subscription price of HK$0.05 per share. The subscriber is required to pay approximately HK$44.56 million for the subscription items according to the subscription agreement, which will be settled by capitalizing all outstanding amounts owed to the subscriber by the company. Assuming the number of issued shares remains unchanged from the date of this announcement until completion, the 89.119 million subscribed shares will represent approximately 15.30% of the company's existing issued share capital as of the announcement date, and approximately 13.27% of the company's issued share capital after the distribution and issuance of the subscribed shares.